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June 19, 2014
06:05 EDTRBYRubicon Minerals announces Phoenix Gold Project on schedule, on budget
Rubicon Minerals has substantially advanced the Phoenix Gold Project, with project construction and development remaining on budget and on schedule for projected production in mid-2015. Advance rates on both the lateral and vertical development have been tracking on schedule. Rubicon has completed 875 meters of a planned 8,023 meters of total underground development at and above the 685-metre level. The completion of this planned underground development is required to commence projected production. The company continues lateral development at the 122-, 183-, 244-, 305-, 610-, and 685-metre levels. The 244- and 305-metre levels were previously advanced to the deposit, prior to the completion of shaft sinking. An exploration drift on the 244-metre level is progressing well, with 13 drill stations completed of a planned 18 stations. There are two drills currently operating on the level. The development of the main ventilation pilot raise from the 305-metre level to surface will be completed by the end of June. At the present time, all underground development is being carried out by a contractor. Rubicon is in the process procuring equipment and hiring staff to replace the majority of the contractors engaged in lateral development, which could potentially lower costs and increase productivity.
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September 10, 2014
13:17 EDTRBYVan Eck Associates reports 12.82% passive stake in Rubicon Minerals
September 8, 2014
06:07 EDTRBYRubicon Minerals Phoenix Gold Project remains on budget, on schedule
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